Intimation of 21st Meeting of CoC.
Awaiting price reaction for this filing.
Jaiprakash Associates Ltd has informed stock exchanges that the 21st meeting of its Committee of Creditors (CoC) will be held on 6th October 2025. This meeting is part of the ongoing Corporate Insolvency Resolution Process (CIRP) initiated after the National Company Law Tribunal (NCLT) admitted the company to insolvency under Section 7 of the Insolvency and Bankruptcy Code (IBC), 2016. The filing is a procedural disclosure under SEBI Listing Regulations. The company remains in active insolvency resolution, with this being the 21st such CoC meeting, indicating the process has been prolonged.
The company continues to be under insolvency proceedings, which means significant uncertainty for equity shareholders — they are last in the priority list for any recovery and could face dilution or total loss if a resolution plan is approved. This filing is procedural and does not change the company's ongoing status.